Gold prices are holding support above $1,800 an ounce as U.S. pending home sales fall 4% in November Rising U.S. mortgage rates, due to the Federal Reserve’s aggressive monetary policy stance continues to take its toll on the U.S. housing sector as fewer consumers start the process of buying a new home in November. […]
Gold rallies to 6-mo. high on bullish technicals, outside markets Gold and silver prices are sharply higher in midday U.S. trading Tuesday, boosted by chart-based buying and by two key outside markets are in a daily bullish posture for the precious metals–the U.S. dollar index is weaker and crude oil prices firmer. Gold prices hit […]
Gold price weighs incoming data and hawkish Fed comments as 2023 quickly approaches With just one week to go until 2023, gold is down just over 1% year-to-date after a very volatile year that saw the precious metal rise above $2,000 an ounce in the spring and hit lows near $1,630 an ounce in the […]
Gold futures remain above $1800 as spot gold still attempts to breach that key level As of 4:55 PM EST gold futures basis, the most active February 2023 contract is fixed at $1805.90 after factoring in a net gain of $10.80. Spot gold gained $6.00 and is currently fixed at $1798.51. Silver gained 1.37% or […]
Gold, silver pressured by upbeat U.S. data Gld and silver prices are solidly lower in midday U.S. trading Thursday. The metals market bulls today are feeling the heat of a U.S. economy that does not seem like it wants to slide into a recession any time soon, following stronger-than-expected U.S. data released this morning. February […]
Gold, silver up a bit on mild safe-haven demand, technical buying Gold and silver prices are slightly higher in midday U.S. trading Wednesday, with silver scoring an eight-month high. Both markets are pausing after posting solid gains Tuesday, amid wobbly global stock and financial markets that prompted some safe-haven demand for the metals, especially on […]
Gold moves higher as the dollar falls on the news of a BOJ policy revision The Bank of Japan's surprise decision that they would raise their benchmark interest rate cap from 0.25% to 0.50% sent ripples through the global financial markets. Since 2016 the Japanese Central Bank has set its target range for the yield […]
Silver price to beat gold in 2023? Precious metal plays catch-up on strong demand, ETFs remain missing puzzle piece sIver is gearing up to outperform gold in 2023 after a mixed year, according to analysts, who point to a more positive macro environment, strong physical demand, and a good technical set-up. Next year looks promising […]
Can gold price finish strong as markets enter the last full week of the year? hawkish Federal Reserve has knocked gold back below $1,800 an ounce, but the precious metal is starting to retrace its gains heading into the weekend. Analysts warn of additional volatility during the last full week of the year. The big […]
Hawkish central banks will test gold bulls' resolve into year-end he gold market is holding its ground at around $1,800 an ounce despite growing hawkish rhetoric from central banks around the world; the bullish sentiment in the marketplace is pointing to a positive end for the precious metal for 2022. The latest Kitco News shows […]